Electric Bus Charging Station Market Outlook For United Kingdom
In June 2018, Alexander Dennis Ltd. (ADL) and BYD Co. Ltd. (BYD) received an order for 37 BYD-ADL Enviro400EV electric buses from Transport for London (TFL). The transport departments of other cities and counties in England, Scotland, Wales, and Northern Ireland have been taking similar measures to boost the number of clean-energy vehicles in their public transport fleets. Such moves have been prompted by the widespread outcry because of the increasing levels of air pollution in the kingdom.
As per P&S Intelligence, with the increase in the number of electric buses, the U.K. electric bus charging station market will grow from $13.3 million in 2018 to $95.5 million in 2025, at a massive 30.7% CAGR between 2019 and 2025 (forecast period). Just as a conventional bus cannot run without a gas station or petrol pump, an electric bus is useless without a charging station. Though a novel and well-known concept, electric vehicles (EV) have found restricted adoption in the U.K. till now owing to the lack of an ample number of charging stations.
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The categories under the power segment of the U.K. electric bus charging station market are <50 kilowatts (kW), 50–150 kW, and >150 kW. Among these, the <50 kW category has dominated the market till now, as these chargers are the cheapest among those in other power output ranges. In the coming years though, the fastest rise will be witnessed in the installation of >150-kW chargers due to the increasing demand for faster-charging stations. Range and the slow charging provided by AC chargers are the key restraints hampering the sale of electric buses, which is why the adoption of faster chargers is set to grow in the kingdom.
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Thus, with the royal government pulling out all stops to transition to a low-carbon economy, the installation of electric bus charging stations can be expected to burgeon across the U.K.
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